BTC/USDT – 4H – SELL

The combination Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards

A bearish descent downwards to the next support level at 112650.000000000 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 122335.160000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 119877.18224 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 122335.160000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

122335.160000000 – 115720.000000000 – 119800.000000000 – 112650.000000000 – 111920.000000000 – 114723.160000000 — 60.581998139806 – 55.674694858284

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Triple bottom chart pattern – –